THE INITIAL PUBLIC OFFERING (“OFFERING”) OF UP TO 234,564,700 ORDINARY SHARES OF RM0.50 EACH IN MSM MALAYSIA HOLDINGS BERHAD (“MSM HOLDINGS”) (“SHARES”) COMPRISING OFFER FOR SALE OF UP TO 109,564,700 EXISTING SHARES (“OFFER SHARES”) AND PUBLIC ISSUE OF 125,000,000 NEW SHARES (“ISSUE SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 702,980,000 SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD:

(I) INSTITUTIONAL OFFERING OF UP TO 206,444,700 SHARES COMPRISING:• UP TO 73,811,600OFFER SHARES TOMALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN

INSTITUTIONALANDSELECTEDINVESTORSOUTSIDETHEUNITEDSTATESOFAMERICAINRELIANCEONREGULATIONSUNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (“INSTITUTIONAL PRICE”);

• 35,753,100OFFERSHARESAND45,089,900ISSUESHARESTOBUMIPUTERAINSTITUTIONALANDSELECTEDINVESTORSAPPROVEDBYTHEMINISTRYOFINTERNATIONALTRADEANDINDUSTRYATTHEINSTITUTIONALPRICE;AND

• 51,790,100ISSUESHARESBYWAYOFPLACEMENTTOKOPERASIPERMODALANFELDAMALAYSIABERHADATTHEINSTITUTIONAL PRICE,

(II) RETAIL OFFERING OF 28,120,000 SHARES COMPRISING:• 14,060,000ISSUESHARESMADEAVAILABLETOTHEELIGIBLEEMPLOYEES(ASDEFINEDHEREIN)ANDPERSONSWHO

HAVECONTRIBUTEDTOTHESUCCESSOFTHEBUSINESSOFMSMHOLDINGSANDITSSUBSIDIARIES;AND• 14,060,000ISSUESHARESMADEAVAILABLETOTHEMALAYSIANPUBLIC;

AT THE RETAIL PRICE OF RM3.38 PER SHARE (“RETAIL PRICE”), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OFTHEDIFFERENCE,INTHEEVENTTHATTHEFINALRETAILPRICEISLESSTHANTHERETAILPRICE,

SUBJECTTOTHECLAWBACKANDREALLOCATIONPROVISIONSANDOVER-ALLOTMENTOPTION (ASDEFINEDHEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE; AND(II) 97% OF THE INSTITUTIONAL PRICE,

SUBJECT TO ROUNDING TO THE NEAREST SEN.

PrincipalAdviserandSoleGlobalCo-Ordinator

YOUAREADVISEDTOREADANDUNDERSTANDTHECONTENTSOFTHISPROSPECTUS.IFINDOUBT,PLEASECONSULTAPROFESSIONALADVISER.

FORINFORMATIONCONCERNINGCERTAINRISKSRELATINGTOANINVESTMENTINTHESHARESWHICHSHOULDBECONSIDEREDBYPROSPECTIVEINVESTORS,SEE“RISKFACTORS”INSECTION5OFTHISPROSPECTUS.

THIS PROSPECTUS IS NOT TO BE DISTRIBUTED OUTSIDE MALAYSIA.

LISTING SOUGHT: MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

This Prospectus is dated 2 June 2011

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Level 3, Balai Felda Jalan Gurney 1 54000 Kuala Lumpur Malaysia

Tel. No. 03 2693 8355 Fax. No. 03 2698 5326

JointBookrunnersfortheInstitutionalOfferingandJointManagingUnderwritersfortheRetailOffering

CIMB Investment Bank Berhad (CompanyNumber:18417-M)

Maybank Investment Bank Berhad (CompanyNumber:15938-H)

JointUnderwritersfortheRetailOffering(In alphabetical order)

AmInvestment Bank Berhad (CompanyNumber:23742-V)

CIMB Investment Bank Berhad (CompanyNumber:18417-M)

HwangDBS Investment Bank Berhad (CompanyNumber:14389-U)

Maybank Investment Bank Berhad (CompanyNumber:15938-H)

MIDF Amanah Investment Bank Berhad (CompanyNumber:23878-X)

OSK Investment Bank Berhad (CompanyNumber:14152-V)

RHB Investment Bank Berhad (CompanyNumber:19663-P)

P R O S P E C T U S

MSM MALAYSIA HOLDINGS BERHAD(CompanyNo.:935722-K)

(IncorporatedinMalaysiaundertheCompaniesAct,1965)